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Topic: How to become a successful trader - page 3. (Read 401 times)

sr. member
Activity: 1078
Merit: 254
May 18, 2024, 07:23:13 PM
#29
Yes, first of all, you have to focus on the process this stage, and how to learn the Trading first not to make the money because the most important thing is to learn how to follow this step and know much about Trading know whatever you can ask much as you can go the processes to take be Conversant with them very well and you will be able to succeed in trading if you start the process Trading is not just the way you think it is it’s a matter of understanding.
legendary
Activity: 3108
Merit: 1290
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May 18, 2024, 06:42:59 PM
#28
I think there is a ton of thread here or in the internet that talk about "How to become a successful trade" the answer can be very but in my opinion the key to be successful trader is money management and control emotion because if pro with that I believe you are gonna becoming successful trade. Tho I say this but personally Im not a successful trade hahahah but I believe those are the key
Aside from that, to be able to become a successful trader, one should also lengthen his experience in trading as no trader can succeed from just limited experiences in this field, but varied experiences are more likely to gain positive outcome. Also, learning from the past experiences of early traders can greatly help for newbie traders so that they will be more open minded on the pros and cons about trading, and hearing their successful trading stories will definitely motivate them to improve their trading skills and strategies.
full member
Activity: 588
Merit: 105
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May 18, 2024, 03:56:55 PM
#27
The meaning of success is very broad. And I'm sure each of us has our own standards regarding trader success. What is clear for me personally is that a trader who is not subject to passion, has self-control, is calm when making purchases and sales, is able to develop assets, and is able to analyze an opportunity is a successful trader.
sr. member
Activity: 294
Merit: 433
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May 18, 2024, 12:10:37 PM
#26
To become a successful trader it is not easy you must have long experience and continue to improve the skills needed, not only focus and money but also thinking you must pay attention to it is not easy even a professional class can experience losses in trading so there is no word not to lose money.

I don't have long experience in trading only limited to spot trading but that's not often done, I still improve the ability to more, but because of the lack of interest in trading then this certainly will not be easy even to understand it takes time.
sr. member
Activity: 2296
Merit: 360
May 18, 2024, 11:50:59 AM
#25
As a successful trader, you should focus on the process instead of the money, because the process is the must important thing for you to get more experience in it, and once you are focus it you never lose your money in trading, so as successful trader you must always be fucus on the process of your trading, for you to get a good profit.

To certain extent which is possible but if the trader isn't making any progress or can't afford to sustain with the loss then better quit instead of getting into debt, it's okay to accept if something doesn't go in the way you expected and it's not going to make any less of you.

Apart from that you nailed it and this is what a trader should do to gain experience which is the process of becoming a successful trader, not just learning technical analysis or learning trading courses but it's all about managing the situations.
Dont make yourself that being that desperate because on the moment that you would be finding yourself to be that desperate then it would be better that you should quit and stop completely.
You are really just that basically or potentially making yourself that become desperate and we know that on the moment that you do find yourself being desperate then you would be finding yourself that
making those actions on which you had lacked out with those correct analysis. Even if we do say that you are doing well but still due to desperation and impatience then you would really be missing out something.
This is why it would really be best that you should really know and wary on the conditions that you are into.

On the moment that you've been doing trading for a while but still that seeing negative profits and making some loans or ending up with deep debts then it would be better to stop.
There are really things in life on which its not something that meant for us no matter how hard we do try but still ending up on failing. It is really just that too hard to accept
that someone is really that passing up while you are the ones making those failures.
sr. member
Activity: 2520
Merit: 280
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May 18, 2024, 11:31:13 AM
#24
As a successful trader, you should focus on the process instead of the money, because the process is the must important thing for you to get more experience in it, and once you are focus it you never lose your money in trading, so as successful trader you must always be fucus on the process of your trading, for you to get a good profit.

To certain extent which is possible but if the trader isn't making any progress or can't afford to sustain with the loss then better quit instead of getting into debt, it's okay to accept if something doesn't go in the way you expected and it's not going to make any less of you.

Apart from that you nailed it and this is what a trader should do to gain experience which is the process of becoming a successful trader, not just learning technical analysis or learning trading courses but it's all about managing the situations.
hero member
Activity: 1190
Merit: 901
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May 17, 2024, 11:59:58 AM
#23
Trading is very risky and should be seen like gambling though it is not gambling. That will help the trader to know that it is important to use an excellent risk management. Trading should not be seen as a means of making money, but as a means of making an additional money to your source of income if possible, but do not expect much from trading.
As a trader you must know that success is a balance of wins and losses. Do not have that mindset that you should avoid losses because they are unavoidable. However what you must bear in mind is how to manage risk so that you can achieve long-term success. It is all embedded in your risk management strategies.
For you to become a successful trader, make sure to have your own stable job first so you won’t be pressured and force yourself to hit profits in trading.
You are right. A stable job at the beginning before profits from trading starts coming in a also a good risk management strategy. Where the person don't have a stable job, they can crash in their parents basement while at it. At least, they won't have to worry about the basics - food, shelter and paying bills.
hero member
Activity: 1484
Merit: 928
May 17, 2024, 11:30:17 AM
#22
As a successful trader, you should focus on the process instead of the money, because the process is the must important thing for you to get more experience in it, and once you are focus it you never lose your money in trading, so as successful trader you must always be fucus on the process of your trading, for you to get a good profit.
If you are a successful trader, then you are already a professional trader, what makes you to be a successful trader, then you should focus on making money, but that doesn’t still stop you from learning, and also if you are a trader, you are going to lose money either you are a professional trader or a beginner, their is no way you are going to be a trader and you won’t be losing money, but if you are a trader, make sure the profit which you will be making from trading is just more than your loss, if you are a trader and your loss is more than your profit, then you should know that something is wrong.
copper member
Activity: 2156
Merit: 983
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May 17, 2024, 11:25:35 AM
#21
I think there is a ton of thread here or in the internet that talk about "How to become a successful trade" the answer can be very but in my opinion the key to be successful trader is money management and control emotion because if pro with that I believe you are gonna becoming successful trade. Tho I say this but personally Im not a successful trade hahahah but I believe those are the key
sr. member
Activity: 952
Merit: 303
May 17, 2024, 10:56:15 AM
#20
As a successful trader, you should focus on the process instead of the money, because the process is the must important thing for you to get more experience in it, and once you are focus it you never lose your money in trading, so as successful trader you must always be fucus on the process of your trading, for you to get a good profit.

     -      Just start with basic learning and don't stop learning crypto trading. Always learn from your mistakes if ever you see something wrong with the discretion you used in trading. Find out which indicator tools will be easy for you to use so you can make a proper technical or fundamental analysis.

And you should not be greedy; instead, be disciplined, have self-control, and know how to properly control your emotions as a trader. and you should also know what kind of investor you are.
sr. member
Activity: 616
Merit: 274
May 17, 2024, 10:41:14 AM
#19
As a successful trader, you should focus on the process instead of the money, because the process is the must important thing for you to get more experience in it, and once you are focus it you never lose your money in trading, so as successful trader you must always be fucus on the process of your trading, for you to get a good profit.
It's not just the process, of course money is also involved there, if you don't have capital and you are already equipped with knowledge about trading, how do you want to try it, and be successful in trading, This is all part of trading in the market. The main thing is that you must have income every month from your job. Indeed, success in any case is of course a process involved.

What do you say, a successful trader will not lose their money in trading? There will always be losses, indeed the possibility of losing all their money is very small because they have been in the process for quite a long time in this case.

hero member
Activity: 952
Merit: 555
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May 17, 2024, 10:26:22 AM
#18
As a successful trader, you should focus on the process instead of the money, because the process is the must important thing for you to get more experience in it, and once you are focus it you never lose your money in trading, so as successful trader you must always be fucus on the process of your trading, for you to get a good profit.

I will also make this as an addition warning that you shouldn't borrow money to trade, you should be able to perform trade base on the way you can afford for doing that, don't also trade when you think you have no sound knowledge on how to speculate and read the market chart, you will also have to understand the use of the indicators and ho they all serve their purpose while performing trades.
full member
Activity: 532
Merit: 163
May 17, 2024, 10:14:33 AM
#17
As a successful trader, you should focus on the process instead of the money, because the process is the must important thing for you to get more experience in it, and once you are focus it you never lose your money in trading, so as successful trader you must always be fucus on the process of your trading, for you to get a good profit.
If you want to be successful in trading then you must first acquire enough knowledge about trading and then you have to invest in trading. Many times it is seen that without gaining enough knowledge in the field of trading, he loses a huge amount of money while trading without understanding it well, so he should not make such a mistake. In the case of trading, we must always have a long-term plan. If we can keep a long-term plan and check the market and trade with time, we will certainly get enough success through this trading. Many times it is seen that we become very impatient in trading, we should not be impatient, we should always be patient in trading.
hero member
Activity: 1050
Merit: 844
May 17, 2024, 10:07:17 AM
#16
As a successful trader, you should focus on the process instead of the money, because the process is the must important thing for you to get more experience in it, and once you are focus it you never lose your money in trading, so as successful trader you must always be fucus on the process of your trading, for you to get a good profit.
I think that's not all that every trader needs to pay attention to if they want to be successful as a trader in the market, but market conditions and certain moments that can influence the market to be better also need to be paid attention to by every trader. Because when traders can take advantage of moments like that without losing focus, as you said, they can also be successful in the market, although every trader must also realize that achieving success always requires a process that is not easy because the market is also a place that has risk.
sr. member
Activity: 1470
Merit: 428
May 17, 2024, 09:43:22 AM
#15
As a successful trader, you should focus on the process instead of the money, because the process is the must important thing for you to get more experience in it, and once you are focus it you never lose your money in trading, so as successful trader you must always be fucus on the process of your trading, for you to get a good profit.
Anybody can write on how to become a successful trader even people who are not rich write books on how to get rich so it means that even with the regular tips that are repeated in different writers there are some tips that are exclusive.
The tips to becoming a successful trader are so much and although there are some general rules to be a successful trader, but if you have a close discussion with some really successful traders there are some exclusive rules that they will let you know some of which they found out from personal experience.
The exclusive tips and rules are as important as the general tips for success.
hero member
Activity: 896
Merit: 586
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May 17, 2024, 09:34:55 AM
#14
As a successful trader, you should focus on the process instead of the money, because the process is the must important thing for you to get more experience in it.
You don't need to advise a successful trader because he has already come up with his own strategy, which made him to become successful, if not he will not be successful. So you should address people that are new to trading or that thinks trading is a get rich quick scheme.

once you are focus it you never lose your money in trading, so as successful trader you must always be fucus on the process of your trading, for you to get a good profit.
Trading is like gambling which is all about profit and loss, but not exactly gambling. This is because no matter how successful you are in trading, you are still prone to losses especially when you make the wrong prediction because the market if of uncertainties. The difference between a successful trader and other traders is their ability to manage their risk and emotions in the market.
hero member
Activity: 1722
Merit: 801
May 16, 2024, 07:53:17 PM
#13
As a successful trader, you should focus on the process instead of the money, because the process is the must important thing for you to get more experience in it, and once you are focus it you never lose your money in trading, so as successful trader you must always be fucus on the process of your trading, for you to get a good profit.
The process can be one to failure, loss or one to success and profit. A successful trader firstly need to succeed to secure his original trading fund, avoid to lose it or minimize loss of original fund. It relates to risk management and also greed, patience to wait for safer and better entries that help to reduce risk, severity of possible loss and increase chance to get profit.

You can get good profit with one or some tradings but if you don't have safe risk and capital management like I share, later with one or some failed tradings, you will lose your temporary profit and even worse lose most of your original trading fund.
sr. member
Activity: 2828
Merit: 344
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May 16, 2024, 07:27:27 PM
#12
As a successful trader, you should focus on the process instead of the money, because the process is the must important thing for you to get more experience in it, and once you are focus it you never lose your money in trading, so as successful trader you must always be fucus on the process of your trading, for you to get a good profit.
Success is not measured by means of how big you earn but it measures how responsible you are as a trader.
Now we are earning a lump sum of money but if our greediness is not controlled, sooner this will also bring us down and lose everything. Success can be determined not by today but by how we bring it after many years of doing it consistently.
 - fund management
 - self-control
 - long-term plan
 - consistency

legendary
Activity: 3472
Merit: 3217
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May 16, 2024, 06:57:44 PM
#11
Trading is not just a game of emotions but most likely a mental game. So if you don’t have the skills and good strategies to win your trades, your faith will not work out. You have to work on your faith as well as enhance your trading psychology and technicalities in trading, otherwise you will easily fall more as a gambler than a successful trader. Don’t just trade to earn, but trade responsibly and appropriately.
Be a consistent trader is a must but risking money with lack of skills you shouldn't dive into live trading I've been there and lost a huge amount of my holdings trying my luck in trading until just I discovered that any coins out there are dominated by BTC. That is why I always recommend newbie traders to keep practicing on paper money or demo accounts to build confidence and to learn how crypto works.
Lack of knowledge in trading its totally gamble the thing that always works to me think as a newbie trader and think where they place their SL and that should be your entry point.
full member
Activity: 1484
Merit: 136
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May 16, 2024, 06:52:44 PM
#10
As a successful trader, you should focus on the process instead of the money, because the process is the must important thing for you to get more experience in it, and once you are focus it you never lose your money in trading, so as successful trader you must always be fucus on the process of your trading, for you to get a good profit.
Proof? I mean, don't just spout around saying about being successful in trading without a proof. I don't discriminate really, but the thing is, we all want to know if the one who is giving advice and claiming to be successful is legit. Also,  kindly elaborate on your advice because what you've said is that a trader should focus on the process and not the money. That is true, but how? I mean, can you say it in detail because your statement left us hanging or simply lacked information?

If I were to give advice for a trader to be successful, I wouldn't because I would still not consider myself successful in trading. But if I were to give advice for new traders, I would focus and invest in their knowledge and skills, because that will be their foundation for being successful and profitable traders. It's okay to make mistakes or lose money from trading, but the most important thing is that you will not stop there and instead learn from them.
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